Tds on bonus

TDS 473 views 1 replies

Hi Experts,

For Financial Year 2014-2015 my bonus is due, which will be paid in the month of April along with monthly salary.

In begining of every financial year we do tax declaration. I want to know whether my bonus will get added to salary received from Apr-14 to Mar-15 and tax will be levied or company will club this bonus as part of FY 15-16 receipt and check if it comes under tax slabs.

Thanks,

Himanshu Sharma

Replies (1)

Salary Income is chargeable to tax on ‘DUE OR RECEIPT BASIS WHICHEVER IS EARLIER’ 

 

Salary income includes bonus.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register